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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

A) Add a ledger-balancing line in the intercompany Receivables account and rerun the report
B) Run the report using an additional common currency conversion rate
C) Add a ledger-balancing line in the intercompany Payables account and rerun the report
D) Run additional reports using a number of varied currency conversion rates

2. What is the primary source of data that is used for the Financial Reporting Center?

A) the Code Combinations table
B) data from the balances cubes and dimensions contained in the chart of account segments
C) transaction tables
D) defined dimensions for journals

3. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Financial Reporting studio
B) Application Development Framework Integration
C) Web ADI
D) SmartVIew

4. Which method will reverse accruals in the next accounting period?

A) Create two events, one for accrual and another for the reversal.
B) Create one entry and use Accrual Reversal GL Date.
C) Create one event and use the Accounting Reversal attribute.
D) Create one event and use the GL functionality to perform the reversal.

5. What metric values are available on the General Ledger Dashboard?

A) Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
B) Schedule Compliance, Target Attainment, Service Level
C) Price Yield, Win-Loss Ratio, Campaign Performance
D) Cost of Goods Sold, Return on Equity

Solutions: